Lucent tops NYSE most actives; wins deal in Brazil

MichaelBaron

NEW YORK (CBS.MW) -- Lucent Technologies
lu
rose more than 6 percent to $3.49 on heavy volume of 106 million, tops on the New York Stock Exchange. The Murray Hill, N.J., telecommunications equipment firm saw its stock run as high as $3.53 earlier in the session, a new peak for the past 52 weeks. Before the opening bell, Lucent was selected to provide network equipment, software and services for the expansion of Brazilian mobile communications firm Vivo's third-generation CDMA2000 1X network. Financial terms weren't disclosed. Lucent, which will provide more than 500 base stations in the deal, expects to complete the expansion early in 2004. Lucent's rival Nortel
nt
is running a close second on the NYSE volume chart with 93.8 million shares changing hands after the Canadian firm inked a supply deal with Verizon and received a number of upgrades.

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